Posted on: December 9, 2024, 10:06h.
Last updated on: December 9, 2024, 10:06h.
Steve Cohen and the New York Mets made a major MLB offseason move by acquiring Juan Soto from the New York Yankees.
Cohen’s holiday gift to Mets fans cost $765 million to secure Soto for the next 15 years in Queens, marking the biggest contract in sports history.
Soto was Cohen’s focus for the Mets, as he aims to elevate the team’s status in the Subway series and make them winners. Cohen is also eyeing a new venture in Queens by investing in an integrated resort casino at Citi Field MLB ballpark.
Cohen is participating in the bidding process for the three downstate New York casino licenses in partnership with Hard Rock International, with his vast resources and connections positioning his bid favorably.
Other contenders for the licenses include MGM Resorts and Genting, with concerns raised about Genting’s regulatory issues at their Resorts World Las Vegas property.
Genting’s regulatory challenges may benefit Cohen’s bid, as both RWNYC and Cohen’s Citi Field are in close proximity, potentially influencing the decision by the state Gaming Facility Location Board.
Cohen and Hard Rock’s proposed Metropolitan Park development includes plans for an $8 billion integrated resort with various amenities and improvements to the area.